Cricket Wireless 2010 Annual Report Download - page 142

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Condensed Consolidating Statement of Operations for the Year Ended December 31, 2010
(in thousands):
Guarantor
Parent
Company
Issuing
Subsidiary
Guarantor
Subsidiary
Non-Guarantor
Subsidiaries
Consolidating
and
Eliminating
Adjustments Consolidated
Revenues:
Service revenues . . . . . . . . . $ — $2,187,512 $ — $ 295,025 $ 64 $2,482,601
Equipment revenues . . . . . . . — 188,248 — 26,354 — 214,602
Other revenues . . . . . . . . . . — 3,421 91,477 2,661 (97,559) —
Total revenues . . . . . . . . . — 2,379,181 91,477 324,040 (97,495) 2,697,203
Operating expenses:
Cost of service (exclusive of
items shown separately
below) . . . . . . . . . . . . . . — 827,428 — 107,279 (94,072) 840,635
Cost of equipment . . . . . . . . — 505,906 — 86,088 — 591,994
Selling and marketing. . . . . . — 351,524 — 62,794 — 414,318
General and administrative . . 12,673 319,435 691 32,195 (3,423) 361,571
Depreciation and
amortization. . . . . . . . . . . — 400,381 — 56,654 — 457,035
Impairment of assets . . . . . . — 476,024 766 537 — 477,327
Total operating expenses . . 12,673 2,880,698 1,457 345,547 (97,495) 3,142,880
Loss on sale or disposal of
assets, net . . . . . . . . . . . . . . — (3,938) (170) (953) — (5,061)
Operating income (loss) . . . . (12,673) (505,455) 89,850 (22,460) — (450,738)
Equity in net loss of
consolidated subsidiaries. . . . (870,930) (98,686) — — 969,616 —
Equity in net income (loss) of
investees . . . . . . . . . . . . . . . — 1,912 — — — 1,912
Interest income . . . . . . . . . . . . 24,250 106,989 — 900 (131,129) 1,010
Interest expense . . . . . . . . . . . (12,600) (254,711) — (107,195) 131,129 (243,377)
Other income (expense), net . . . — 3,209 — — — 3,209
Loss on extinguishment of
debt . . . . . . . . . . . . . . . . . . — (54,558) — — — (54,558)
Loss before income taxes . . . (871,953) (801,300) 89,850 (128,755) 969,616 (742,542)
Income tax expense . . . . . . . . . — (42,513) — — — (42,513)
Net loss . . . . . . . . . . . . . . . (871,953) (843,813) 89,850 (128,755) 969,616 (785,055)
Accretion of redeemable non-
controlling interests, net of
tax . . . . . . . . . . . . . . . . . . . — (27,117) — (59,781) — (86,898)
Net loss attributable to common
stockholders . . . . . . . . . . . . $(871,953) $ (870,930) $89,850 $(188,536) $ 969,616 $ (871,953)
136
LEAP WIRELESS INTERNATIONAL, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)